Market laws, twists and turns, reincarnation, internal cultivation, external practice, the road ahead is long. Doubt can filter risks, but it can also lead to missed opportunities. To seize opportunities, one must be brave enough to try. Different attitudes towards life yield different results. Without great ambitions, even with the help of influential people, one will ultimately achieve little. Countless difficulties are not insurmountable. The success story of an investor is actually a history of learning and growth. Through hardships, one must not forget their original intentions to achieve consistency.

2024.4.11 BTC————————

Yesterday, Bitcoin had small deviations in both high and low positions without transactions, but overall trend grasp was very good. The price once again stabilized above 68500 on the daily chart, forming a bullish momentum at the daily level. Currently, it is not enough to simply observe the support at 68500. Qin Chuan believes that there will be several subsequent supports below 68500. If the Bitcoin price really returns to 68500, the price may experience a greater decline. Therefore, it may not be worth it to focus on this level for daily layout. It is suggested to focus on the support strength around 69600 on the daily chart.

In the short term, the overall price on the four-hour chart remains in a oscillating market. To form a new upward channel, good support is needed. The price must stabilize above 70200 to form a new upward channel, otherwise it will fall into a new round of oscillating market. Currently, there are no good entry points on the four-hour chart for reference. On the hourly chart, while the Bollinger Bands are rapidly opening, the indicator shows strong volume, and the support at 69500 is gradually moving up. Therefore, the suggestion is to focus on long positions for Bitcoin's subsequent pullback.

Pending orders:

Long at 69500-69800, stop loss at 300, target 500-800

(Strategy activation can only be used once, arrange the take-profit on your own)

2024.4.11 ETH————————

Ethereum accurately predicted a successful short at the high of 3545 and a profitable long at the low of 3430, which was activated after the evening data release. Congratulations to the practical team members who followed suit. Today, the daily price broke through the vicinity of 3530 in the short term, but it seems that the bullish momentum stopped. Ethereum's weakness at the daily level has been the theme of this month. The support level at the daily level is around 3480-3510. Because the bullish momentum cannot be sustained, positioning long at this level is also a trend-following layout, with a stop loss. The price is likely to maintain an oscillating market trend in the short term. It is too aggressive and reckless to use 3520 as a reference entry position for long positions on the hourly chart, so it is better to maintain the daily support layout overall.

Pending orders:

Long at 3480-3510, stop loss at 30, target 50-80 points

(Strategy activation can only be used once, arrange the take-profit on your own)

This article is exclusively written by senior analyst Qin Chuan, who has been researching in the investment field of Bitcoin, Ethereum, contracts, spot, gold, forex, stocks for many years. Currently, he mainly guides contract operations, with solid theoretical foundation and practical experience. He is good at combining technical and fundamental analysis, focusing on capital management and risk control, and has a steady and decisive operating style. He is recognized by many investment friends for his amiable and responsible character and decisive operations. For more real-time investment strategies, trading techniques, operation skills, and candlestick knowledge, follow the public account: Zhao Qin Chuan.

Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Trading carries risks, and one should be cautious when entering the market.

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